Exchange Analytics Launches the First Cybersecurity Training Program for the Futures Industry
Highland Park, Il (PRWEB) February 26, 2016 -- Exchange Analytics Inc., the premier provider of training programs for the futures and derivatives industry, has announced the launch of a web-based cybersecurity training course for all financial industry participants registered with the National Futures Association (NFA). This course is the first available to satisfy the new Cybersecurity Interpretive Notice training requirement which took effect on March 1, 2016.
Following approval by the Commodity Futures Trading Commission (CFTC), NFA adopted the Information Systems Security Programs (Cybersecurity) Interpretive Notice. This policy requires FCMs, IBs, CTAs, CPOs, RFEDs, SDs, and MSPs to implement a cybersecurity program to meet existing obligations to diligently supervise their associates. Each NFA member is required to provide cybersecurity training for appropriate employees. Training must cover information systems security, including safeguards against threats and vulnerabilities, evaluation of a detected security event, and appropriate measures to contain and mitigate threats.
The Exchange Analytics training program is available on the Exchange Analytics’ website and can also be delivered through a firm’s own Learning Management System. NFA members will find the course to be an efficient and cost-effective way to satisfy the NFA training requirement.
“Cybercrime is possibly the greatest systemic risk facing the futures and derivatives markets. The NFA has adopted, and the CFTC has approved, new cybersecurity requirements for all its members,” said Larry Israel, president of Exchange Analytics. “We have designed this course to cover the cybersecurity topics that every employee of an NFA member should be aware of.”
Marc Nagel advised Exchange Analytics in the development of the Cybersecurity training course. He is a former chief compliance officer of a major FCM, attorney, and CPA. Mr. Nagel serves on the FCM Advisory Committee of the NFA, the Business Conduct and Probable Cause Committees of the CME Group, and the Advisory Boards of IIT’s Chicago Kent College of Law Futures and Derivatives Conference, NIBA, Commodity Customer Coalition, and the CTA Expo.
Exchange Analytics’ web-based Cybersecurity course is the latest addition to its family of compliance training and education which includes Ethics, Anti-Money Laundering (AML), Customer Protection Rule, and Identity Theft Prevention.
About Exchange Analytics
Since 1995, Exchange Analytics has provided compliance training to the largest financial services firms and exchanges in the world, employing well over one million people. The firm is the world’s largest provider of compliance training courses to the futures and derivatives industry. Exchange Analytics’ courses are developed by premier industry experts including former Commodity Futures Trading Commission personnel, former compliance officers from the National Futures Association, and high-ranking compliance officials from the world’s leading financial services organizations. Exchange Analytics’ President Larry Israel is a 40-year member of the Chicago Board of Trade. For more information on Exchange Analytics please visit http://www.xanalytics.com.
Larry Israel, Exchange Analytics, http://www.xanalytics.com, +1 847-266-7602, [email protected]
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